Financing shipping related investment projects has always been a focal area of debate and
research within the international maritime industry since access to funding can determine …

This paper adopts a simple but valid value-at-risk (VaR) approach to measuring the risk in
the dry bulk shipping market by means of Baltic Dry Index (BDI). To have a better …

In response to the significant emission reduction potential of ocean transport, researchers
and industry stakeholders have come up with green solutions for addressing the industry's …

Investment is one of the most crucial factors for a company. The decisions that a company
makes in an investment uncertainty environment with high global competition, such as in the …

This study constructs a fear index for the dry-bulk shipping market. Principal component
analysis and min-max scaling are employed to extract the fear sentiment of the four dry-bulk …

While shipping stocks are risky investments, their realized returns are found to be
consistently lower than expectations derived from a mean-variance framework. The …

본문에서는 실증분석 부분을 두 시기로 나누어 COVID-19 전후에 해운지수 간의 변동성
파급효과 차이를 비교 분석하고자 하였다. 코로나 19 전후에 해운지수 간의 평균 파급효과 및 …